CECEP Solar Energy Co (SZSE:000591) ROCE % : 5.74% (As of Mar. 2024)

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What is CECEP Solar Energy Co ROCE %?

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. CECEP Solar Energy Co's annualized ROCE % for the quarter that ended in Mar. 2024 was 5.74%.

CECEP Solar Energy Co ROCE % Historical Data

The historical data trend for CECEP Solar Energy Co's ROCE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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CECEP Solar Energy Co ROCE % Chart

CECEP Solar Energy Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

ROCE %

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6.72

6.68

6.88

6.96

6.60

CECEP Solar Energy Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
ROCE %	Get a 7-Day Free Trial															6.56	8.11	8.45	3.36	5.74

CECEP Solar Energy Co ROCE % Calculation

CECEP Solar Energy Co's annualized ROCE % for the fiscal year that ended in Dec. 2023 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2023 )		(A: Dec. 2022 )		(A: Dec. 2023 )
	=	2571.221	/	( ( (46506.101 - 7777.893)	+	(47203.767 - 7963.402) )	/ 2 )
	=	2571.221	/	( (38728.208	+	39240.365)	/ 2 )
	=	2571.221	/	38984.2865
	=	6.60 %

CECEP Solar Energy Co's ROCE % of for the quarter that ended in Mar. 2024 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2024 )		(Q: Dec. 2023 )		(Q: Mar. 2024 )
	=	2281.228	/	( ( (47203.767 - 7963.402)	+	(47102.287 - 6900.088) )	/ 2 )
	=	2281.228	/	( ( 39240.365	+	40202.199 )	/ 2 )
	=	2281.228	/	39721.282
	=	5.74 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2024) EBIT data.

CECEP Solar Energy Co (SZSE:000591) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

CECEP Solar Energy Co ROCE % Related Terms

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CECEP Solar Energy Co (SZSE:000591) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » CECEP Solar Energy Co Ltd (SZSE:000591) » Definitions » ROCE %

Traded in Other Exchanges

N/A

Address

No.131 Zhongshan Third Road, 19th Floor, Hilton Business Center, Yuzhong District, Chongqing, CHN, 100082

Website

http://www.tynen.cecep.cn

CECEP Solar Energy Co Ltd is a solar energy investment operator in China. It is engaged in the production and sales of solar cell and module.

Executives

Ai Wei	Director
Peng Qi Yuan	Director
Hu Xiao Hua	Executives
Song Wei	Directors, executives
Wang Zu Yue	Executives
Liu Ya	Supervisors
Lei Rong	Director

CECEP Solar Energy Co (SZSE:000591) Headlines

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